Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, M&A and corporate work, leadership and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd
March 04, 2022 | The American Lawyer
Sky-High Demand Pushes Goodwin to More Than 30% Growth in Revenue, Profit PoolGoodwin did more deals than any other law firm in 2021.
By Patrick Smith
4 minute read
March 04, 2022 | National Law Journal
Goodwin Takes Arnold & Porter Partner to Help Lead Health Care Government Enforcement Group"Looking at what is happening in my field, Goodwin sits in a special position with its work in health care, life sciences and with innovative companies," new partner Kirk Ogrosky, a former DOJ lawyer, said.
By Patrick Smith
3 minute read
March 02, 2022 | The American Lawyer
Here's Why Profit Growth Will Be Tougher in 2022"I think 2022 is going to be just generally slower than 2021," said one Big Law dealmaker. And after a breakneck 2021, "I'm also just not sure it's personally sustainable."
By Andrew Maloney | Patrick Smith
5 minute read
March 01, 2022 | The American Lawyer
First Big Law Firms Match New Cravath Associate Salary ScaleMcDermott Will & Emery and Quinn Emanuel Urquhart & Sullivan were the first to announce that they were matching Cravath, Swaine & Moore.
By Patrick Smith
2 minute read
March 01, 2022 | The American Lawyer
White & Case Hires Proskauer Partner as New Private Credit Group Co-Head"In the last two to three years, private credit has seen the most rapid growth in its history," Vincenzo Lucibello said.
By Patrick Smith
3 minute read
February 28, 2022 | The American Lawyer
Cravath Tops Davis Polk Salary Scale for 4th Years and AboveCravath Swaine & Moore finally made its move in the 2022 associate salary raises on Monday, matching Milbank's first-year pay and surpassing what has become the prevailing scale for more senior associates.
By Patrick Smith
2 minute read
February 28, 2022 | The American Lawyer
Deal Watch: M&A Picks Up, Russia's Invasion of Ukraine Looms LargeGeopolitical concerns are drawing scrutiny on European markets and Russian client relationships.
By Patrick Smith
7 minute read
February 28, 2022 | The American Lawyer
How Did Big Law Profits Surge? Demand and Big Rate Hikes Were KeyA series of events led to sky-high profits across the legal industry last year.
By Andrew Maloney | Patrick Smith
5 minute read
February 24, 2022 | The American Lawyer
McDermott Sees Second Straight Year of PEP Growth Over 20%, Hitting $3M Mark"Our disruption and dispersion in the market is what most interests me," firm chair Ira Coleman said.
By Patrick Smith
5 minute read
February 24, 2022 | The American Lawyer
One Year In, Boutiques Formed Mid-Pandemic See Bright FuturesTwo groups of former Big Law attorneys started new firms in early 2021. And it worked.
By Patrick Smith
6 minute read
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